Rockets and missiles are both propulsion systems used for various purposes, including space exploration, defense, and scientific research. While they share some common principles, they have distinct characteristics and applications. The global rocket and missile market size was valued at USD 59.21 billion in 2021 and is projected to grow from USD 61.96 billion in 2022 to USD 84.77 billion by 2029, exhibiting a CAGR of 4.58% during the forecast period.

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